Review of KASE equity market in February 2024

/KASE, March 15, 2024/ – Kazakhstan Stock Exchange (KASE) presents a review of the equity market in February 2024. KASE Index value in February increased by 12.8 % and by the end of the month amounted to 4,803.18 points. -------------------------------------------------------------------- Volume, bn tenge February 29 January Δ, % Δ, % ---------------- 31 -------- ------- from 01.01.24 February January ---------- ----------- -------- ----- ------------- -------- ------- KASE Index 4,803.18 4,258.65 +12.8 +14.7 12.55 13.25 -------------------------------------------------------------------- The volume of trading in shares in February amounted to 84.4 bn tenge, increasing relative to January by 6 times, or by 70.6 bn tenge. An increase in trading volume was observed in both the primary and secondary markets. The average daily trading volume amounted to 4.0 bn tenge (on the secondary market – 1.7 bn tenge), the average daily number of transactions – 8,321 transactions (on the secondary market – 6,593 transactions), the average volume of one transaction – 483.1 thousand tenge ( on the secondary market – 254.1 thousand tenge). The volume of transactions with index shares in February amounted to 12.6 bn tenge, which is by 696.1 mln tenge less than in January. The largest trading volume fell on common shares of Halyk Bank of Kazakhstan JSC – 2.7 bn tenge (21.6 % of the total trading volume with index shares). ------------------------------------------------------------------ Last price, Δ, % Trading volume, tenge per share mln tenge --------------------------- -------- ------------------------ -------- February 29 January Δ, % from February January Δ, % 31 01.01.24 ---- ----------- --------- ----- -------- -------- ------- ------- CCBN 1,469.03 1,056.00 +39.1 +50.4 1,998.0 324.1 + 516.5 KCEL 2,884.00 2,230.00 +29.3 +47.5 615.9 246.5 + 149.9 HSBK 198.01 161.27 +22.8 +21.0 2,712.1 1,142.1 + 137.5 KEGC 1,490.00 1,392.84 +7.0 +0.5 1,612.1 1,492.1 + 8.0 KSPI 46,000.02 43,782.00 +5.1 +0.9 850.6 742.6 + 14.6 KZTK 35,712.00 34,050.00 +4.9 +3.5 661.2 2,764.1 -76.1 KZAP 18,660.00 18,360.00 +1.6 +1.1 918.4 1,349.4 -31.9 KMGZ 11,950.00 11,933.15 +0.1 +3.5 2,712.1 4,762.2 -43.1 KZTO 830.00 850.00 -2.4 -4.0 469.4 422.9 + 11.0 ------------------------------------------------------------------ The greatest growth in February was shown by common shares of Bank CenterCredit JSC, which increased in price by 39.1 %. They are followed by Kcell JSC with an increase of 29.3 %. Also in the green zone were shares of the financial sector: of Halyk Bank of Kazakhstan JSC and Kaspi.kz JSC, which added 22.8 % and 5.1 %, respectively. At the same time, Kaspi.kz JSC announced its intention to delist American depositary shares (ADS) and global depositary receipts (GDR) from the London Stock Exchange (LSE) no later than March 25, which was a significant event for financial market investors. According to Kaspi.kz's unaudited annual reports, the company's revenue increased by 51 %, net profit – by 44 %, assets – by 33.2 %, and liabilities – by 33 %. At the same time, the company's Board of Directors recommended to pay shareholders dividends in the amount of 850 tenge per share. The shareholders meeting is scheduled for April 8, 2024. Shares of KEGOC JSC showed an increase of 7.0 % in February 2024. Moody's Investors Service affirmed the company's rating at "Baa2" with a "positive" outlook. In addition, the international rating agency Fitch Ratings upgraded the company's long-term ratings from "BBB-" to "BBB" with a "stable" outlook in early February 2024. The telecommunications sector also showed positive dynamics. Common shares of Kazakhtelecom JSC increased in price by 4.9 %. Common shares of National Atomic Company "Kazatomprom" JSC increased by 1.6 %. The production volume of NAC Kazatomprom JSC for 2024 is expected to be 21,000 – 22,500 tons of uranium. Shares of NC KazMunayGas JSC showed an increase of 0.1 %. NC KazMunayGas JSC reported the company's production results for 2023. Comparing key production indicators with the previous year, the following can be noted: KMG's proven and probable hydrocarbon reserves (2P) increased by 3.7 % and amounted to 733 mln tons; the volume of oil and gas condensate production increased by 6.9 %, reaching 23,532 thousand tons; the volume of oil transportation increased by 7.6 % and amounted to 80,359 thousand tons. Common shares of KazTransOil JSC decreased in price by 2.4 %. The company reported an increase in the volume of transportation of Kazakh oil from the port of Aqtau to 287 thousand tons in January 2024, which is 76 thousand tons more than in the same period last year. In 2024, the company plans to ship up to 1.2 mln tons of Kazakh oil through the system of trunk oil pipelines of Transneft PJSC towards the Adamova Zastava oil delivery point for delivery to Germany. KASE equity market Based on results of February 2024, the equity market capitalization amounted to 28.3 trillion tenge (62.6 bn USD), which is 1.8 trillion tenge or 6.7 % higher than the previous month. ------------------------------------------------------------------- February 29 January 31 Change Change, % ----------------------- ------------ ---------- --------- --------- Capitalization, bn KZT 28,274.57 26,487.52 +1,787.05 +6.7 Capitalization, mln USD 62,650.00 59,101.49 +3,548.50 +6.0 ------------------------------------------------------------------- Changes in prices of shares included in the representative list for calculating the equity market capitalization, as of February 29, 2024: ------------------------------------------------------------ Issuer Price change / Change, % (date of last transactions) ---------------------- ---------------------------- --------- Bank CenterCredit JSC 1,469.03 1,056.00 +39.1 (CCBN) (29.02.24) (31.01.24) Kcell JSC (KCEL) 2,884.00 2,230.00 +29.3 (29.02.24) (31.01.24) Halyk Savings Bank of 198.01 (29.02.24) 161.27 +22.8 Kazakhstan JSC (HSBK) (31.01.24) BAST JSC (BAST) 7,801.11 6,450.00 +20.9 (29.02.24) (31.01.24) Bank CenterCredit JSC 1,229.98 1,064.00 +15.6 (CCBNp) (29.02.24) (31.01.24) Kazakhtelecom JSC 28,800.00 25,900.00 +11.2 (KZTKp) (29.02.24) (31.01.24) ForteBank JSC (ASBN) 4.05 3.74 +8.3 (29.02.24) (31.01.24) KEGOC JSC (KEGC) 1,490.00 1,392.84 +7.0 (29.02.24) (31.01.24) Kaspi.kz JSC (KSPI) 46,000.02 43,782.00 +5.1 (29.02.24) (31.01.24) ------------------------------------------------------------- * The table indicates changes in prices of shares exceeding +/- 5 %. [2024-03-15]